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New Deal


Announced

Mill Point-backed ServicePoint to acquire SmartSource.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT staffing

Outsourced HR and Staffing

Pending

United States

Acquisition

Domestic

Majority

Private

Private Equity

Friendly

Single Bidder

Synopsis

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Mill Point-backed ServicePoint to acquire SmartSource, an IT staffing company. Financial terms were not disclosed. “During the course of over 29 years, Joe and Tony have established an outstanding business renowned for delivering the highest quality services to its clients across the nation. With the addition of SmartSource to the ServicePoint platform, we will capitalize on shared resources, more opportunities and new capabilities to further grow the combined business,” Jose Bernal, ServicePoint CEO.

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